Rock Solid Share Discussion Threads

[hatetrader2] 28/3/2012 09:21

Careful chaps !

Serial conman topinfo is trying to pump and dump this again, he is a huge danger to new readers of this forum, the worst conman to use this site, you have read this thread before and the lies he will post to make money, dont chase this stock on a abysmal spread, you will lose money !

[christianf12] 28/3/2012 09:05

They want 1p, what is the max anyone can buy at 0.75p?

[christianf12] 28/3/2012 08:37

And the rest tara! It's already done 33% and the bid hasn't moved yet : )

[tara7] 28/3/2012 08:35

100% today.??

[multibagger] 28/3/2012 08:21

That would be a cracker !

[christianf12] 28/3/2012 08:13

TDW want 1p for 100k shares : )

I think someone knows something here!!!

If delisting was a probibility, they wouldn't want to be sitting on stock so would happily offer it at the offer price, probably even at a discount to get rid.

THAL going to make an offer?

HHHMMMMMMMM

[topinfo] 27/3/2012 18:39

Significant shareholders Thalassa

As at 23 December 2011 the following shareholders held 3% or more of the issued share capital of the Company:
Name of shareholder Percentage shareholding
Westland Geoprojects (Holdings) Limited 27.7%
HSBC Global Custody Nominee (UK) Limited 27.1%
Lynchwood Nominees Limited 14.7%
Securities Services Nominees Limited 10.1%
Vidacos Nominees Limited 5.4%
Strand Nominees Limited 5.1%

[topinfo] 27/3/2012 18:37

About Thalassa

Thalassa is a British Virgin Island ("BVI") international business company, incorporated and registered in the BVI on 26 September 2007. The Company was established as a holding company, and currently has two operating subsidiaries, WGP Exploration Ltd ("WGPE") and WGP Energy Services Ltd ("WESL" - formally Thalassa Energy Services Ltd ).

WESL was established to acquire marine seismic equipment, specifically a Portable Modular Source System ("PMSS™"). The PMSS™ is equipment which can be installed on a vessel in order to provide the seismic (sound) source to allow E&P companies to perform reservoir monitoring.

PMSS™ is used in Life of Field Seismic ("LoFS"), a process using ocean bottom cables or fibre optic networks to produce 4-D (3-D time-lapsed) seismic data to define reservoir fluid-flow.

WGPE was acquired by the Group on 16 November 2011. WGPE delivers a wide range of technologies and services throughout the global upstream oil and gas industry, including a range of unique seismic acquisition services with over 20 years of operational and management experience.

WESL's PMSS™ units and WGPE's operational experience assists oil companies in maximising oil recovery through resevoir management practices as well as assisting in the discovery of new reserves.

Thalassa Holdings Ltd. listed on the Alternative Investment Market of the London Stock Exchange on 29 July 2008, with symbol "THAL".
PO Box 800, Road Town, Tortola, British Virgin Island

[christianf12] 27/3/2012 18:34

They have bought more also!!!

[qwazi] 27/3/2012 17:23

I hadn't come across THAL before - here is their description of what they do:

Thalassa Holdings Ltd, incorporated and registered in the BVI in 2007 and listed on AIM in July 2008, is a holding company with a focus on Marine Seismic operations.

Interesting!

[christianf12] 27/3/2012 14:28

THAL mopping up shares here???

What are they up to?

[multibagger] 24/3/2012 06:41

Hi Mr Macgregor,

I guess everyone who holds RSI has lost money, either crystallised their losses or sitting a large paper loss with lots of uncertainty about the motives and agenda of the concert party. At this time, we can only guess what may or may not happen. If the concert party is as financially astute / devious as they have been in the past, then we may get squeezed out of the company - subject to them achieving >90% holding. The buyout price in other jurisdictions (Singapore, India- Indian law is often based on UK law) seem to state that the value of the share rather than share price in the stock market should be a consideration when deciding how much to buy us out for. They cannot unilaterally decide what price they offer us (do correct me if I am wrong) - that would leave them open to a legal challenge. I hold 1.5million shares and have received the voting papers...would appreciate your thoughts and views as you seem to have a good grip and understanding of the history of the company and the current situation. I am happy to discuss in greater depth off the bulletin board.

[mr macgregor] 23/3/2012 09:42

Those who have lost money in this stock might like to enquire if the directors met their statutory responsibilities under the Companies Act 2006 which, broadly speaking, requires them to act in a way most likely to promote the success of the company for the benefit of its members as a whole.

Item 1


This shows that in November 2010 the directors sold subsidiaries OHM Ltd. and OHM surveys to Sector Asset Management and Euro Trans Skips for $150,000.

Item 2


This shows how, TEN MONTHS LATER, Sector Asset Management and Euro Trans Skips sold OHM on to Electromagnetic Geoservices for $15,750,000 in shares. Those 8,305,369 shares are currently worth $25,400,000 having recently declined from a high earlier this month of $31,000,000 following the news that once leading shareholder and staunch supporter Warburg Pincus is severing its ties altogether after a previous offload of stock. Wonder what upset them.

With deals like that in the public domain no wonder Rock Solid Images is heading for de-listing.

[multibagger] 23/3/2012 06:55

Hi RBonnier,

Little left to lose if you invest at these levels....worth a punt, I agree.

[rbonnier] 22/3/2012 21:34

Hi multibagger

yes it appears that most have given up seems a bit odd everyone selling out at 0.25p which for most people is as good as a 100% loss might aswell stay in and see what happens the concert party arnt buying millions of shares to see it go bust next month they see value here which is why I think a purchase of another million is a better investment than buying another AIM pile of cr@P !

United Kingdom anyone for Eurovision at 16/1 Engelbert is a big hit in Russia and the East immensely popular with a huge following might be worth a punt couple of hundred on at 16s will cover losses here...lol !!

[multibagger] 22/3/2012 20:13

Hi RBonnier,

Sounds like it is just left to the two of us to turn the lights off ! According to the traded volumes since 12 Mar, about 23.87% has changed hands so far.....feels like the 75% needed for delisting is in the bag for the management and major backers. I am not so sure that they will obtain 90% of the shares with which they can force us small PIs out. Surprised to see that there has been no declaration of holdings despite yeterday's massive 12million+ volume.

They cannot make any offer they want to squeeze out remaining holders...there are certain rules and regulations (in other jurisdictions) ...I am trying to establish what these are at the moment in the UK or whether US law will prevail,as the company is headquartered there. If I can get a million shares for under a grand (as you are hoping), I may take another punt !

[rbonnier] 22/3/2012 12:53

The collapse continues might have to buy a million the day before delisting to average down will be looking to buy these for less than a grand as i think we will be done over as I doubt there will be 10% of us left with a blocking stake in order to block something like a quarter of 1 new pence offer from the concert party after delisting for the remaining issued shares .

[multibagger] 21/3/2012 17:48

Significant volumes today....my guess is that the ones at 0.3p range are buys. May be a holding notification on the 22nd of March ?

[multibagger] 21/3/2012 06:30

Approx 14.86% have changed hands since the announcement - I guess a fair few would have been bought by the party acting in concert. That could theoretically bring them to the 66% holding range (guesstimate) - 75% is not too far away.

'Shall wait to see the holding declarations with interest. At the current share price, the risk/reward ratio is fantastic, if the estimates of a 1.4p EPS by Aug 2013 come through. Cash burn is a major issue, but contract payments should start coming through. Why else would there be a 30 Sep 2012 time frame for the secured one million dollar credit. The insolvency risk may be overdone - the major backers have a lot more to lose as they have backed this over many years at many multiples of the current share price. The company is deemed to have sunk and this is reflected in the current share price.

Some are brave or stupid enough (like me) to take a punt....once you have gone under, does it really matter whether you are 6 inches or 6 feet underwater ? May still pick up some more :) Each to his own....

[vision88] 20/3/2012 23:23

cash burn can be achieved with a prudent approach

[rbonnier] 20/3/2012 20:36

How an earth would I know how they are going to raise funds or how the company is going to deal with the cash burn.These are questions that only the directors can answer I suggest you ask them .